American Realty Investors (NYSE:ARL) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued to investors on Thursday. The firm issued a hold rating on the financial services provider’s stock.

American Realty Investors Price Performance

ARL stock opened at $15.63 on Thursday. The firm has a 50 day moving average of $15.47 and a 200-day moving average of $16.12. The company has a market cap of $252.34 million, a price-to-earnings ratio of -15.17 and a beta of 0.65. The company has a current ratio of 8.52, a quick ratio of 8.52 and a debt-to-equity ratio of 0.23. American Realty Investors has a 12-month low of $12.51 and a 12-month high of $25.96.

American Realty Investors (NYSE:ARL) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share (EPS) for the quarter. The firm had revenue of $11.61 million for the quarter. American Realty Investors had a negative return on equity of 2.05% and a negative net margin of 33.78%.

Institutional Investors Weigh In On American Realty Investors

Large investors have recently added to or reduced their stakes in the business. PFG Investments LLC acquired a new position in American Realty Investors during the fourth quarter worth about $396,000. BNP Paribas Financial Markets grew its holdings in American Realty Investors by 1,262.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock valued at $85,000 after buying an additional 4,507 shares during the last quarter. JPMorgan Chase & Co. increased its position in American Realty Investors by 112.0% during the third quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,478 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of American Realty Investors by 257.0% in the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,416 shares during the last quarter.

About American Realty Investors

American Realty Investors, Inc, together with its subsidiaries, acquires, develops, owns, and manages multifamily and commercial real estate properties in the Southern United States. It operates through two segments, Residential and Commercial. The company leases apartment units to residents; and office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies.